Description

NSE admits privately placed debt securities including commercial papers from Angel One, Tata Steel, Tata Communications, and bonds from TVS Infrastructure Trust, PNB Housing Finance, and SIDBI to debt market segment effective January 16, 2026.

Summary

NSE notifies the listing of privately placed debt securities on its debt market segment effective January 16, 2026. The circular lists six commercial paper issuances and three other debt securities (bonds) that have been admitted to trading under Regulation 3.1.1 of the NSE Debt Market Trading Regulations.

Key Points

  • Six commercial paper issuances listed with maturities ranging from 2 months to 1 year
  • Three long-term debt securities listed including infrastructure bonds and housing finance debentures
  • Total commercial paper value: Rs 115 crore (23,000 securities at Rs 5 lakh face value)
  • Angel One issued 1-year CP (14/01/27) at discount price of Rs 4,61,808.5 per Rs 5 lakh face value
  • Tata Steel and Tata Communications issued short-term CPs maturing in March-April 2026
  • TVS Infrastructure Trust listed reset bonds maturing in 2045 with call/put options in 2036
  • PNB Housing Finance listed debentures at 7.5343% coupon maturing in 2031
  • SIDBI listed infrastructure bonds at 7.04% coupon maturing in 2029

Commercial Paper Details

Angel One Limited

  • ISIN: INE732I14CW6
  • Issue: 2,000 securities, Face Value: Rs 5,00,000, Issue Price: Rs 4,61,808.5
  • Allotment: January 14, 2026 | Redemption: January 14, 2027

Kisetsu Saison Finance

  • ISIN: INE0DZE14271
  • Issue: 4,000 securities, Face Value: Rs 5,00,000, Issue Price: Rs 4,94,259
  • Allotment: January 14, 2026 | Redemption: March 16, 2026

Tata Steel Limited

  • ISIN: INE081A14GN5
  • Issue: 5,000 securities, Face Value: Rs 5,00,000, Issue Price: Rs 4,93,760.5
  • Allotment: January 14, 2026 | Redemption: March 30, 2026

Tata Communications Limited

  • ISIN: INE151A14248
  • Issue: 6,000 securities, Face Value: Rs 5,00,000, Issue Price: Rs 4,91,993.5
  • Allotment: January 14, 2026 | Redemption: April 14, 2026

JM Financial Services Limited

  • ISIN: INE012I14SF4
  • Issue: 4,000 securities, Face Value: Rs 5,00,000, Issue Price: Rs 4,91,002.5
  • Allotment: January 14, 2026 | Redemption: April 15, 2026

Axis Securities Limited

  • ISIN: INE110O14HH3
  • Issue: 2,000 securities, Face Value: Rs 5,00,000, Issue Price: Rs 4,91,363.5
  • Allotment: January 16, 2026 | Redemption: April 17, 2026

Long-Term Debt Securities

TVS Infrastructure Trust

  • ISIN: INE1JNC07015
  • Issue: 83,000 securities at Rs 1,00,000 face value
  • Allotment: January 14, 2026 | Maturity: September 30, 2045
  • Call/Put Option: January 14, 2036
  • Coupon: Reset structure

PNB Housing Finance Limited

  • ISIN: INE572E07266
  • Issue: 37,500 debentures at Rs 1,00,000 face value
  • Allotment: January 13, 2026 | Maturity: January 13, 2031
  • Coupon: 7.5343% fixed
  • No call or put options

Small Industries Development Bank of India (SIDBI)

  • ISIN: INE556F08LB2
  • Issue: 6,00,000 securities at Rs 1,00,000 face value
  • Allotment: January 14, 2026 | Maturity: February 9, 2029
  • Coupon: 7.04% fixed

Regulatory Changes

No regulatory changes introduced. This is a routine notification under existing Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations.

Compliance Requirements

  • Securities admitted to trading on NSE debt market segment effective January 16, 2026
  • Designated security codes as specified in the annexure to be used for trading
  • Issuers must comply with ongoing listing obligations under debt market regulations

Important Dates

  • Effective Date: January 16, 2026 - Securities admitted to dealings on debt market segment
  • Allotment Dates: January 13-16, 2026 for various securities
  • Redemption Dates: Range from March 2026 (short-term CP) to September 2045 (infrastructure bonds)

Impact Assessment

Market Impact: Minimal - routine listing of privately placed debt securities that adds liquidity to the debt market segment. These are institutional securities not directly impacting retail equity markets.

Investor Impact: Provides additional debt investment options for institutional investors and increases secondary market liquidity for these instruments.

Issuer Impact: Enables secondary market trading for privately placed securities, potentially improving pricing discovery and liquidity for future issuances by these companies.

Impact Justification

Routine listing notification for privately placed debt securities with no regulatory changes or market-wide impact